Cibi e Bevande
Seaweed Market to Be Worth $37.84 Billion by 2031 - Exclusive Report by Meticulous Research®
Seaweed is the common name for countless species of marine plants and algae that grow in oceans, rivers, lakes, and other water bodies. Commonly, it is categorized into three broad groups based on pigmentation or type, such as red, brown, and green seaweeds. The major utilization of these seaweeds as food and food ingredients is in Asia-Pacific , particularly in China , Indonesia , the Philippines , Korea, and Japan , where seaweed cultivation has developed into a huge industry.
Seaweed is currently being extensively studied as a potential fuel source due to its high photosynthetic efficiency and its capacity to produce lipids, which can serve as a feedstock for biodiesel production, presenting new opportunities for seaweed biomass manufacturers.
A wide variety of seaweed species are utilized in numerous food products worldwide. Traditionally, seaweeds have been staples in Asian cuisine, particularly in countries like China , Japan , and South Korea . However, in recent decades, these seaweed-based foods have gained popularity in Western nations, driven by their recognized health benefits.
In developed regions such as North America and Europe , the perceived health advantages of seaweed-based products are driving their adoption. Consumers view seaweed as a safe, fresh, protein-rich, iodine-rich, and low-calorie dietary option. Additionally, seaweed is rich in vitamins, minerals, and fibers, further enhancing its appeal. Major players in Western markets are focusing on innovating food products to cater to diverse demographics, capitalizing on the health benefits of seaweed, including its antioxidant properties, micronutrients, and fiber content. As a result, seaweed-containing food items such as snacks, noodles, and health beverages are witnessing a surge in demand worldwide.
The key players operating in the seaweed market are Seaweed & Co. (U.K.), Cargill, Incorporated (U.S.), Green Rise Agro Industries ( India ), VietDelta Ltd. ( Vietnam ), Ocean rainforest ( Denmark ), Thorverk hf. ( Iceland ), ALGAplus ( Portugal ), MYCSA Ag, Inc. (U.S.), Seaweed Solutions AS ( Norway ), The Seaweed Company ( Netherlands ), Baoji Earay Bio-Tech Co., Ltd. ( China ), Shore Seaweed (U.K.), Rongcheng Jingyi Ocean Technology Co., Ltd. ( China ), Sar Agrochemicals & Fertilizers Pvt. Ltd. ( India ), and Algea, the Arctic Company (Part of Valagro Group) ( Norway ).
The seaweed market study presents historical market data (2022 and 2023), estimated current data (2024), and forecasts for 2031— by type (red seaweed, brown seaweed, and green seaweed), by form (dry {powder, flakes, and other dry forms} and liquid), by application (food and beverage, extraction of hydrocolloids, animal feed, agriculture, and other applications) and by geography ( North America , Asia-Pacific , Europe , Latin America , and the Middle East & Africa ). The study also evaluates industry competitors and analyzes the country-level markets.
Among the types covered in this report, in 2024, the red seaweed segment is expected to account for the largest share of of the seaweed market. Moreover, the red seaweed segment is projected to register the highest CAGR during the forecast period. This growth can be attributed to the increasing health consciousness among consumers, expanding applications of red seaweed in the food industry, and rising demand for red seaweed extracts like agar and carrageenan hydrocolloids across various sectors.
Among the forms covered in this report, the dry segment is expected to account for the larger share of of the seaweed market in 2024. This segment's large market share can be attributed to the increasing demand for seaweed powder in the food and cosmetics industries. Moreover, the dry segment is projected to register a higher CAGR during the forecast period. This growth can be attributed to the advantages offered by powdered seaweed over their liquid counterparts, including a longer shelf-life and ease of transportation & storage.
Among the applications covered in this report, in 2024, the food and beverage segment is expected to account for the largest share of the seaweed market. However, the animal feed segment is projected to record the highest CAGR during the forecast period. This growth can be attributed to the expansion of the livestock sector , resulting in the increased demand for animal feed and the growing utilization of seaweeds as additives in animal feed formulations.
Based on geography, in 2024, Asia-Pacific is expected to account for the largest share of of the seaweed market, followed by North America , Europe , Latin America , and the Middle East & Africa . The seaweed market in Asia-Pacific is estimated to be worth in 2024. Asia-Pacific's significant market share can be attributed to the presence of numerous local and regional players, government initiatives aimed at promoting seaweed cultivation and utilization across various industries, increasing demand for organic food products, and expanding applications of sea vegetables, particularly in the food sector. Furthermore, Moreover, in the Asia-Pacific region, there is extensive production and consumption of seaweeds due to the abundant availability of raw materials, favorable climatic conditions for seaweed cultivation, and low labor costs. These factors contribute to the growth of the seaweed market in Asia-Pacific .
Algae Products Market Size, Share, Forecast, & Trends Analysis by Type (Hydrocolloids, Lipids, Carotenoids), Source (Seaweed, Microalgae {Chlorella, Spirulina}), Form (Dry, Liquid), Application (Food & Beverage, Nutraceuticals) - Global Forecast to 2031
Algae Market by Type (Macroalgae/Seaweed {Red, Brown}, Microalgae {Spirulina, Chlorella, D. Salina}), Distribution Channel (B2B, B2C), Form (Dry, Liquid), Application (Nutraceuticals, Food & Beverages, Animal Feed, Cosmetics) - Global Forecast to 2030
Algal Pigments Market by Type (Beta-Carotene, Astaxanthin, Phycocyanin, Phycoerythrin, Chlorophyll), Form (Powder), Source (Microalgae, Macroalgae), Application (Food & Beverages, Aquaculture, Nutraceuticals, Pharmaceuticals, Cosmetics) - Global Forecast to 2030
Microalgae Market by Type (Spirulina, Chlorella, Dunaliella Salina, Nannochloropsis), Production Technique (Ponds, Fermenters, PBR), Distribution Channel (B2C, B2B), Application (Nutraceuticals, Food and Beverages), and Geography - Global Forecast to 2030
Dunaliella Salina Market by End User (Extraction Companies, Food & Beverage Companies, Feed Companies, Nutraceutical & Health Supplement Companies, Pharmaceutical Companies, Cosmetics Companies) and Geography - Global Forecast to 2028
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America , Europe , Asia-Pacific , Latin America , and the Middle East & Africa .
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding,
California , 96001, U.S.
USA : +1-646-781-8004
Europe : +44-203-868-8738
APAC: +91 744-7780008
Email- sales@meticulousresearch.com
Visit Our Website: https://www.meticulousresearch.com/
Connect with us on LinkedIn-
https://www.linkedin.com/company/meticulous-research
Content Source:
https://www.meticulousresearch.com/pressrelease/402/seaweed-market-2031
View original content: https://www.prnewswire.co.uk/news-releases/seaweed-market-to-be-worth-37-84-billion-by-2031---exclusive-report-by-meticulous-research-302163376.html